Angel Studios (NYSE:ANGX) Director Steven Sarowitz Purchases 246,153 Shares of Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz bought 246,153 shares of Angel Studios stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $3.71 per share, for a total transaction of $913,227.63. Following the completion of the transaction, the director directly owned 575,641 shares in the company, valued at approximately $2,135,628.11. This trade represents a 74.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Angel Studios Price Performance

Shares of Angel Studios stock opened at $4.36 on Friday. Angel Studios, Inc. has a 1 year low of $2.05 and a 1 year high of $20.39. The firm has a market cap of $813.34 million, a price-to-earnings ratio of -4.68 and a beta of -0.02. The company has a 50-day moving average of $3.73 and a 200 day moving average of $3.38.

Angel Studios (NYSE:ANGX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. On average, equities analysts anticipate that Angel Studios, Inc. will post -0.37 EPS for the current year.

Institutional Trading of Angel Studios

A number of hedge funds have recently added to or reduced their stakes in ANGX. AWM Investment Company Inc. bought a new position in Angel Studios during the 2nd quarter worth about $1,682,000. OneAscent Financial Services LLC purchased a new position in Angel Studios in the second quarter valued at about $41,000. Whitcomb & Hess Inc. bought a new position in shares of Angel Studios during the 2nd quarter worth approximately $49,000. Hardin Capital Partners LLC lifted its position in Angel Studios by 19.8% during the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock valued at $111,000 after acquiring an additional 5,000 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock valued at $27,000 after acquiring an additional 3,793 shares in the last quarter. 38.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ANGX. B. Riley Financial reiterated a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

About Angel Studios

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.